ANSWERS | 2026 UPDATE WITH COMPLETE
SOLUTION ALREADY GRADED A+
Typically how long is the Long Sales Cycle in construction? - ANSWERS-
Between 6 months and several years
What is intrapreneurship? - ANSWERS-Starting a business within the
confines of an existing business
Multiple Answer: Which of the following do both intrapreneurial firms and
venture capital firms provide? - ANSWERS-Advice; Seed Money
Which of the following is a reason big businesses often fail when
implementing new branches or businesses within their business? -
ANSWERS-All of the above
When creating a new business unit, what is the first phase? - ANSWERS-
Strategy
In which of the following phases of business creation does a team take on the
full responsibility of a business unit? - ANSWERS-Launch Funding
Which of the following would be an example of "micro seed innovation"? -
ANSWERS-Providing employees within a company with a fixed amount of
discretionary funds to start their own intrapreneurial ventures
Multiple Answer: When you start a new job you often sign an employer
agreement that outlines which of the following? - ANSWERS-Rules against
using company resources for personal work; Intellectual Property Rights
, Fill in the Blank: A non-disclosure agreement allows you to ______. -
ANSWERS-Discuss ideas with other parties and ensure your intellectual
property is protected
Which of the following is a type of intellectual property protection? -
ANSWERS-All of the above
Once you decide on a name for your business, which of the following is the
first action you should take? - ANSWERS-Form a corporation or a limited
liability company
Which of the following is the first step in business planning? - ANSWERS-
Performing a SWOT analysis
Before entering a joint venture or partnership it is important to establish
terms on: - ANSWERS-Both a & b
(Management & Capital Contribution)
What is the basis for a strategic plan? - ANSWERS-Both b & c
(It should outline a plan built upon marketing position and potential threats &
It should address the 10 year vision for your business)
Fill in the blank: A CEO is primarily concerned with _________, - ANSWERS-A
strategic plan
Fill in the blank: A marketing plan should _________. - ANSWERS-Be
supported by the business developer
In between the time that project leads are generated and contracts are
established, which of the following can be used to leverage marketing? -
ANSWERS-Direct Mail